A 3-year ordinary annuity with weekly compounding,a present value of $2412.96 and making weekly payments of $19.23 is trading at an annual interest rate of:
A) 12% per annum compounded weekly.
B) 15% per annum compounded daily.
C) 14.5% per annum compounded daily.
D) 13% per annum compounded monthly.
Correct Answer:
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